But none of the prospective buyers who showed up to see the 4,600-square-foot white brick house was prepared to make the required $60,000 deposit that afternoon, said Tim Dudley, vice president of Motley's Auction Group's real estate division.

"We had a party who is seriously interested but wasn't able to make that payment today," he said. "So we are postponing the auction process to work with this buyer to see if he can get financing for the property."

Dudley declined to identify the party.

Wilbur Ray Todd Jr., a Carrollton developer, bought the house and outlying buildings in November 2007 for $450,000 and invested approximately $50,000 in improvements.

In the previous auction, he rejected a $747,000 bid for the property and put it on the market for $1.1 million. When it didn't sell, he turned to Dudley's Richmond-based auction firm.